President of Kenya, William Ruto, has hailed the 28th UN Climate Change Conference (COP28) ongoing in Dubai, calling it a “COP of Action”.
The Kenyan leader said it delivered major strides, particularly the activation of the Loss And Damage Fund, which was announced on the first day of the conference.
He commended the UAE for pledging to provide US$100 million to activate the long-awaited Loss And Damage fund, which he said is a major springboard that helps drive climate action and deal with issues related to climate financing especially for developing nations.
President Ruto told the Emirates News Agency (WAM) on the third day of COP28 that the ongoing meetings between heads of state and their representatives on restructuring the global financial framework to drive climate action, and the new Global Charter on Climate Finance, which includes carbon taxation is historical decisions and a positive step forward.
He said the fund when released will help nations deal with climate change and its effects, which particularly affect African countries, among others around the world.